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25
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1
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Asya Evans
  • Rental Property Investor
  • Stratford, CT
1
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25
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LLC in FHA loan.......

Asya Evans
  • Rental Property Investor
  • Stratford, CT
Posted

I am purchasing a duplex with an FHA loan. I will occupy one side. Can I rent the other side under a LLC?

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287
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110
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Jonathan Orr
  • Developer
  • Boise ID
110
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287
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Jonathan Orr
  • Developer
  • Boise ID
Replied

That is a question for your lender. I will say that I had a client purchase some investment duplex's in CA and his lender would not allow any portion of the property to go under a LLC per the Loan agreement. What would be the benefit to rent under a LLC if the properties Title is under your personal name? From my perspective the potential renter would be renting from the owner of the property and if your Lender does not allow you to place the property in a LLC I think you may be out of luck.

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